US agency sues Berkshire unit over home loans-March 2024-www.financetom.com

US agency sues Berkshire unit over home loans

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US agency sues Berkshire unit over home loans

Jan 6, 2025 6:20 AM

Jan 6 (Reuters) - The U.S. Consumer Financial Protection

Bureau said on Monday it sued a unit of Berkshire Hathaway ( BRK/A )

for allegedly pushing people into unaffordable loans to

purchase homes from its Clayton Homes manufactured housing unit.

According to the regulator, Vanderbilt Mortgage & Finance, a

unit of Clayton, ignored clear and obvious red flags that

borrowers could not afford their loans.

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